Shares of Axis Bank gained nearly 2 per cent in morning trade on Thursday after the company said it would acquire US-based Citi's consumer business in India for Rs 12,325 crore.
Axis Bank was last trading 2.54 per cent higher at Rs 715.25 on the BSE.
Share price of Axis Bank gained around three per cent on Thursday, April 1, after the bank entered into a share purchase agreement for the sale of 100 per cent stake in its subsidiary - Axis Bank UK to OpenPayd Holdings. On Thursday, Axis Bank opened on the BSE at Rs 706, touching an intra day high of Rs 716.90 and an intra day low of Rs 695.60, in the trading session so far. According to a regulatory filing by the bank to the BSE, the transaction is subject to approval by the UK Financial Regulator - the Prudential Regulation Authority or PRA.